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How to Keep Innovating in an Economic Downturn

Innov8rs

Competitive Advantage In all circumstances, leaders will and should have strategic priorities on top of their minds. Usually, you need innovation for that, which means that you either adapt to current challenges or lag behind the competition. Maybe now it’s the time to discover collaboration opportunities that were not possible before.

How To 105
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The Travel & Hospitality Industry is Being Disrupted, Again.

Leapfrogging

Each month I’m tapping into the industry expertise and experience of one of Plug and Play’s 15 industry verticals to highlight the disruptive trends, technologies and companies shaping the future. The “travel-tech” sector has attracted over $19B+ since 2008. The “travel-tech” sector has attracted over $19B+ since 2008.

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Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. It’s estimated that a loss of more than $2 trillion in world-wide economic growth occurred between the second quarter of 2008 and the first quarter of 2009.

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When Pundits Say That Robots Will Take Our Jobs, Remember These 4 Things

Innovation Excellence

Yet the number of lawyers in the US has increased by 15% since 2008 and it’s not hard to see why. So training tellers to process transactions efficiently was a key competitive trait. What’s more, these aren’t considered competitive traits, but commodity services. Our paychecks are usually sent electronically.

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Principles of open innovation

hackerearth

Popularized by Henry Chesbrough,“Open Innovation” term refers to the broad concepts of leveraging external sources of technology and innovation to drive internal growth. There are all examples of open innovation (OI) at its best. It also entails the spin-off and outsourcing of unused intellectual property. Michael Docherty, 2006).

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Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. Due to the time limit, participants will be intensely focused on innovation. This is because they provide a venue for self-expression and creativity through technology. Let’s take a look at both. Hackathons.

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What is innovation management and why your organization needs it

hackerearth

Innovation Management is about more than just planning new products, services, brand extensions, or technology inventions. Reduces risk of becoming obsolete due to competitors. Improves chances of survival due to better solutions spawned from newer technologies. According to Delft University of Technology Professors J.